ALJAZAM Real Money With Ali Velshi December 3, 2014
The new cold war between russia and the west over ukraine is costing russians dearly. Moscow expects russias economy to spiral in recession. That will hit russian households with a 2. 8 drop in collective disposal income. Western sanctions are taking a big bite out of russian economy, but a bigger culprit is falling oil prices. They have plummeted 38 since early summer. Thats a problem because russia counts on oil and gas revenues to fund half its budget. Meanwhile, the war between the governmen...
Source: archive.org